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Trending ETFs

Name

As of 07/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Arrow DWA Tactical: Macro ETF

DWAT | Active ETF

$10.94

$2.19 M

0.48%

$0.05

5.39%

Vitals

YTD Return

7.3%

1 yr return

4.7%

3 Yr Avg Return

3.8%

5 Yr Avg Return

6.2%

Net Assets

$2.19 M

Holdings in Top 10

99.4%

52 WEEK LOW AND HIGH

$11.2
$9.20
$11.48

Expenses

OPERATING FEES

Expense Ratio 5.39%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 137.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 07/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Arrow DWA Tactical: Macro ETF

DWAT | Active ETF

$10.94

$2.19 M

0.48%

$0.05

5.39%

DWAT - Profile

Distributions

  • YTD Total Return 7.3%
  • 3 Yr Annualized Total Return 3.8%
  • 5 Yr Annualized Total Return 6.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.52%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Arrow DWA Tactical: Macro ETF
  • Fund Family Name
    Arrow Funds
  • Inception Date
    Sep 30, 2014
  • Shares Outstanding
    300000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jonathan Guyer

Fund Description

In general, the Fund’s investments in equity securities are intended to achieve the capital appreciation component of the Fund’s investment objectives. At times, the Fund may invest in fixed-income securities in order to achieve the capital preservation component of the Fund’s investment objectives. The Fund’s investments in alternative assets are intended to enable the portfolio to be less reliant on fixed-income investments for reducing volatility and equities for increasing returns. The Advisor may engage in frequent buying and selling of portfolio securities to achieve the Fund’s investment objectives.

In the subsection entitled “Principal Investment Strategies” within the section entitled “Additional Information About the Principal Investment Strategies and Risks” beginning on page 17 of the Prospectus, the sixth paragraph is deleted in its entirety and replaced with the following:

The Fund’s investments in alternative assets are intended to enable the portfolio to be less reliant on fixed-income investments for reducing volatility and equities for increasing returns. The Advisor may engage in frequent buying and selling of portfolio securities to achieve the Fund’s investment objectives.

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DWAT - Performance

Return Ranking - Trailing

Period DWAT Return Category Return Low Category Return High Rank in Category (%)
YTD 7.3% -2.5% 21.5% 41.74%
1 Yr 4.7% -11.2% 30.3% 86.18%
3 Yr 3.8%* -21.1% 11.3% 12.50%
5 Yr 6.2%* -12.1% 20.3% 24.14%
10 Yr N/A* -5.0% 10.2% 47.02%

* Annualized

Return Ranking - Calendar

Period DWAT Return Category Return Low Category Return High Rank in Category (%)
2023 -2.1% -18.9% 60.2% 94.93%
2022 -6.3% -48.5% 0.1% 2.78%
2021 -8.3% -19.0% 48.3% 89.77%
2020 8.9% -16.5% 52.8% 22.44%
2019 12.6% -8.5% 27.3% 37.50%

Total Return Ranking - Trailing

Period DWAT Return Category Return Low Category Return High Rank in Category (%)
YTD 7.3% -2.5% 21.5% 41.74%
1 Yr 4.7% -11.2% 30.3% 86.18%
3 Yr 3.8%* -21.1% 11.3% 12.50%
5 Yr 6.2%* -12.1% 20.3% 24.14%
10 Yr N/A* -5.0% 10.2% N/A

* Annualized

Total Return Ranking - Calendar

Period DWAT Return Category Return Low Category Return High Rank in Category (%)
2023 -1.6% -11.7% 61.8% 98.16%
2022 0.2% -48.5% 4.6% 3.24%
2021 14.1% -14.2% 48.3% 32.09%
2020 8.9% -11.7% 77.4% 47.32%
2019 16.0% -3.9% 28.4% 31.50%

DWAT - Holdings

Concentration Analysis

DWAT Category Low Category High DWAT % Rank
Net Assets 2.19 M 1.98 M 13.3 B 99.54%
Number of Holdings 12 2 2550 90.37%
Net Assets in Top 10 3.12 M 1.37 M 10.3 B 97.71%
Weighting of Top 10 99.40% 21.1% 108.5% 12.84%

Top 10 Holdings

  1. ISHARES MSCI USA 11.43%
  2. INVESCO SP 500 11.16%
  3. SPDR-INDU SELECT 11.12%
  4. ISHARES SP 500 11.03%
  5. SPDR-TECH SEL S 10.46%
  6. SPDR-CONS DISCRE 9.76%
  7. VANGUARD M/C GRW 9.70%
  8. ISHARES MSCI JPN 9.27%
  9. ISHARES MSCI USA 8.69%
  10. ISHARES LATIN AM 6.79%

Asset Allocation

Weighting Return Low Return High DWAT % Rank
Stocks
99.40% 0.00% 139.66% 18.81%
Cash
0.50% -33.22% 88.48% 88.53%
Other
0.10% -29.71% 137.85% 23.39%
Preferred Stocks
0.00% -0.07% 5.36% 92.66%
Convertible Bonds
0.00% 0.00% 8.92% 97.25%
Bonds
0.00% 0.00% 106.59% 89.91%

Stock Sector Breakdown

Weighting Return Low Return High DWAT % Rank
Real Estate
27.85% 0.00% 99.45% 8.15%
Energy
21.09% 0.00% 60.89% 10.87%
Utilities
18.55% 0.00% 91.12% 3.80%
Financial Services
18.28% 0.00% 98.22% 14.13%
Consumer Defense
3.27% 0.00% 37.51% 80.98%
Healthcare
2.88% 0.00% 38.63% 87.50%
Technology
2.50% 0.00% 85.77% 89.67%
Consumer Cyclical
1.76% 0.00% 25.83% 86.41%
Industrials
1.72% 0.00% 23.85% 86.41%
Communication Services
1.21% 0.00% 21.61% 76.09%
Basic Materials
0.88% 0.00% 56.73% 87.50%

Stock Geographic Breakdown

Weighting Return Low Return High DWAT % Rank
US
99.40% 0.00% 139.66% 18.81%
Non US
0.00% -1.94% 38.99% 90.83%

DWAT - Expenses

Operational Fees

DWAT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 5.39% 0.49% 10.24% 1.83%
Management Fee 0.90% 0.00% 1.50% 55.96%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.05% 0.70% 15.52%

Sales Fees

DWAT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

DWAT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DWAT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 137.00% 1.75% 441.00% 60.00%

DWAT - Distributions

Dividend Yield Analysis

DWAT Category Low Category High DWAT % Rank
Dividend Yield 0.48% 0.00% 24.95% 74.77%

Dividend Distribution Analysis

DWAT Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

DWAT Category Low Category High DWAT % Rank
Net Income Ratio -0.52% -2.01% 13.72% 76.15%

Capital Gain Distribution Analysis

DWAT Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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DWAT - Fund Manager Analysis

Managers

Jonathan Guyer


Start Date

Tenure

Tenure Rank

Oct 01, 2014

7.67

7.7%

Jonathan Guyer joined Arrow Investment Advisors, LLC in October 2013 after spending seven years with Longview Funds Management, LLC. During his tenure at Longview, he served the Principal, Director of Research and Chief Investment Officer of the firm. Mr. Guyer received a Bachelor of Science degree in Business Administration from the University of Northc Carolina - Wilmington in 1985. Mr. Guyer worked in the audit field as a seniro audit manager for commercial banks and trust companies from 1986 until 1994, when he decided to focus on investment management. From May 1995 to December 2001, Mr. Guyer was the head of the Proprietary Hedge Fund Group of Alex. Brown & Sons, Inc. ("DBAB"). From February 2001 to April 2006 Mr. Guyer was the head of the Alternative Investment Group of Legg Mason Wood Walker Incorporated ("LMWW"). Founded in 1800, Alex. Brown & Sons, Inc. was a Baltimore based investment bank acquired by Bankers Trust in 1997 and again acquired by Deutsche Bank in 1999. LMWW, also headquartered in Baltimore, MD, was a broker/dealer acquired by Citigroup Capital Markets Inc. in 2006. Mr. Guyer is a financial professional with significant, broad-based experience in alternative investments, including active portfolio management and trading, manager selection and due diligence, marketing and fund administration.

Joseph Barrato


Start Date

Tenure

Tenure Rank

Oct 01, 2014

7.67

7.7%

Joseph Barrato is a founding member of Arrow Investment Advisors, LLC. He has over 20 years of experience in the investment management industry, including six years with Rydex Investments, where he was responsible for the firm’s research and developed momentum models with the Rydex sector funds. Prior to Rydex, Mr. Barrato spent 12 years at the Federal Reserve Board of Governors, as an analyst and senior financial examiner. He holds a bachelor's degree in business administration from The George Washington University, where he majored in finance and minored in accounting. Mr. Barrato’s experience in the investment management industry gives him a strong understanding of the operational issues facing mutual funds and the regulatory framework under which investment companies must operate. Mr. Barrato has served as an Interested Trustee and the Chairman of the Board since the Trust was organized in August 2011.

Amit Gutt


Start Date

Tenure

Tenure Rank

Dec 01, 2020

1.5

1.5%

Amit Gutt, CFA has been a Portfolio Manager for the ArrowFund since June 2020. Amit joined Arrow Investment Advisors, LLC in August 2014 as an Investment Strategist. In that role, he was responsible for performing quantitative research, portfolio management and trading across multiple asset classes. Prior to joining Arrow, Amit worked as a Summer Associate in emerging markets equity research at KAUST Investment Management and as a Statistician at the United States Department of Commerce from 2009 to 2012. Amit holds a B.S. in Financial Economics from University of Maryland Baltimore County, a Master of Arts in Applied Economics from Johns Hopkins University and an MBA in Finance from the NYU Stern School of Business. Amit is also a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.83 6.67 13.0